Not too long ago if you were to talk
about a coming storm and the need to prepare, you would likely either draw
blank stares, or be greeted by raised eyebrows and dismissive grunts. Those
days are gone now, and prepping has become almost mainstream. Only the
willfully blind, dumb or the 1% upper crust remain blissfully unaware of the
difficult times that have already arrived for many.
There are a number of areas to cover
when prepping, and they include the obvious ones like keeping yourself in the
best physical shape possible, building a stock of food and water to last at
least a month or two, and accumulating items to barter in the event of
hyperinflation kicking in or when the networks crash with ATMs unable to
dispense any more paper money. Here we look at the need to prep for the
monetary mayhem that is already underway. Has everybody already forgotten about
the 12-day shutdown of Cypriot banks in March 2013? That when they reopened a
300 euros limit was imposed as a maximum that can be withdrawn? What about the
subsequent 40 - 70 percent haircut given to any deposit above 100,000 euros? If
you think this can only happen to somebody else you'd better think again -
hard. Cyprus style bail-ins are becoming the preferred way to stave off banking
failures in future as private property rights become a thing of the past.
It is therefore only prudent to
prepare ourselves in this area before a Mad Max world descends on us in full
force. Hopefully it doesn't ever come to that, but if it does, at least in this
one area we have prepped to the max and we have a cache of real money to use
and barter with ease. If Mad Max doesn't grace us with his presence -
fantastic, and the gold we have saved can become a valuable heirloom for the
next generation and our loved ones. But at the present trajectory, history
suggests it is a matter of when rather than if before the social fabric is torn
asunder due to financial meltdowns. The song of angry men is being sung louder
each day haven't you noticed? Austerity for the masses and freebies to the
rich, and a Les Miserables reprise is in the cards.
So what is spendable gold? I do not wish
to harp about gold being real money, because I believe by now most of us have
seen enough QE to the nth-degree and the sad erosion of paper currencies for
ourselves. Spendable gold has become a rising European trend in recent years,
with well-known producers such as Credit Suisse, PAMP, UBS and even the Perth
Mint of Australia issuing them. This is gold in small sizes such as 1-gram,
2.5-grams and 5-grams. The small sizes make the bars affordable to most people
who are seeking shelter from the monetary storm, while also making the gold
easier to spend as well. Just imagine trying to buy a few loaves of bread with
an ounce of gold (which at the time of this writing is US$1,230/oz.) and you
get the picture. Sure, they might be happy to throw in a pound of salami free
of charge but good luck asking for the change. These won't be normal times
after all, and it would hardly be a surprise if people acted less than civil.
I for one hope the market rigging
will continue, and they can kick that darn can down the road indefinitely.
Manipulation is better than Mad Max any day in my book, and the longer the
farce lasts means the more time I have to prepare. However, Germany's top
financial regulator BAFIN has just spoken out against the manipulation of
precious metals and currencies in the market, calling it a bigger scandal than
the rigging of LIBOR. Hence, we can see the knowledge of gold manipulation has
moved from the realm of conspiracy theories into the mainstream. The writing on
the wall speaks volumes. Dr. Paul Craig Roberts, a former Assistant Secretary
to the Treasury during the Reagan years made a telling comment on the subject:
"We conclude that ability to manipulate the gold price is disappearing as
physical gold moves from New York and London to Asia, leaving the West with
paper claims to gold that greatly exceed the available supply."
I encourage you to find out more for
yourself this aspect of prepping, and be reminded of the scout's motto: Be
Prepared!
Take the time to find out more about
spendable gold, and learn how you can save real money with ease. Help others do
the same and build a mutually-supporting community of like-minded friends.
Convert increasingly worthless paper currencies into gold... which has been
money for 5 millennia. Protect your material wealth and assets to the best of
your abilities.
Source 